Antarctic, a Singapore decentralized perpetual futures exchange, has completed a $7 million funding round at a $70 million valuation. Valisa Capital Markets, Lucidity Capital, Republic Crypto and a proprietary trader making a first investment in crypto assets participated. The platform targets retail derivatives traders with tools designed to resemble those offered by centralized exchanges, while presenting itself as a community-first ecosystem focused on transparency, user experience and capital efficiency. Its founding team includes members who previously worked at OKX, Binance and MEXC. Perpetual futures are derivatives without a fixed expiry date, allowing traders to maintain positions as long as margin requirements are met.